Friday, December 10, 2021 1:44:44 PM
I don't doubt for a second what is brewing with Else...
The question is...do people have the patience to sit back
and let the story unfold.
I also eat BYND products....I eat their burgers and sausage...absolutely love the mild sausage...
Bynd attempted to go mainstream and they did very well for a while but the fact is this product is not for everyone. Just because a few chains are dumping the product doesn't mean the company is doomed as some would have you believe.
The vegetarian/vegan marketplace loves their product.
Attempting to make it mainstream was a bold move....this is an evolving story and it's not quite as simple to rule the company out because they aren't valued at 160 a share any longer...
That was hype...63.99/share now...nothing wrong with that....
I see that type of valuation for BABY down the road ahead...
Watch the powerpoint presentation Else put out recently..It addresses the time frame...and the fact they don't control the share price...
So the unrealistic expectation that while the company is building a foundation for the future as a top five baby food/nutrition company, they are supposed to be making money quarter over quarter is so absurd...while not impossible this is not what usually happens for young companies with a huge future as they move forward.
SMH!.
And exactly wtf is wrong with a current share price of 60 dollars plus for BYND?
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